All articles by Verdict Staff
Verdict Staff
UK card fraud in decline
Card fraud in the UK is declining, according to the UK Cards Associations most recent annual report The total annual losses on UK-issued cards fell by 17% between 2009 and 2010 the last full year for which figures are available – to £365.4m ($576m).
DIMOCO expands m- payment transaction hub in Europe
DIMOCO, an Austria-based mobile payment company, is expanding its electronic billing service to Russia, Finland, Norway, The Netherlands, Sweden and Spanish DIMOCO said business customers can bill their digital and virtual content via DIMOCO in the Russian, Finnish, Norwegian, Dutch, Swedish and Spanish markets with immediate effect DIMOCO operates, develops and markets a mobile payment transaction hub whereby connection to mobile operators are bundled and provided to business customers to bill their digital and virtual content
Icelandic firm selects Welcome Real-time device for loyalty scheme
Loyalty software provider Welcome Real-times Welcome XLS solution has been selected by Icelandic financial services company Valitor to roll out loyalty programmes The partnership will allow Valitor to provide merchants and banks in Iceland with the ability to create more advanced loyalty schemes The first merchant project using the software is supporting one of the biggest loyalty schemes in Iceland and is due to begin this year.
Gemalto, Crédit Agricole finally roll out contactless cards across France
Gemalto and Crdit Agricole have finally taken the leap and are going to issue contactless EMV cards across the whole of France. Almost exactly a year ago, Crdit Agricole began a contactless payments trial via mobile phone with Gemaltos wireless NFC solution.
I Love Velvet receives EMV2 certification
US-based mobile payment solution provider I Love Velvet has been granted an EMV2 certification, which means it can now authorise chip-and-PIN payments from debit, credit and smart internationally I Love Velvet hopes its new certification will attract new retail clients, after it recently announced deals to provide POS operations for Nespresso and Verizon Wireless Our mobile point-of-sales payment system, I Love Velvet, is now fully operational in every country around the world, and is positioned to be a top tier innovator and leader in the mobility marketplace, said Patrick Bouaziz, chief visionary Officer of I Love Velvet.
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US: GE Capital Retail Bank, ShopNBC renew credit card programme partnership
GE Capital Retail Bank, the consumer lending unit of General Electric, and ShopNBC first struck a deal in 2006 to launch the credit card programme and, since its introduction, have continued to update it with new features, including:
The indefinable German cards market
Germanys payments market is globally regarded as a cash-dominated and more to the point, cash-loving one But consultancy PaySys disagrees and says German consumers have been using their cards more than the Bundesbank and the European Retail Institute say
Euronet expands ATM portfolio in Germany
Euronet Germany has added R3 Group, a UK-based provider of financial solutions to its growing ATM contract portfolio. Euronets contract with R3 group includes the deployment of 50 ATMs throughout Germany. The subsidiary of Euronet Worldwide said the ATMs will be placed in high-traffic locations
RushCard offers simplified fee structure for prepaid card
RushCard is capitalising on the big banks bad reputation and hopes to attract more costumers by a simplified free structure for its prepaid Visa RushCard. Customers who choose the new RushUnlimited Plan can make unlimited signature and PIN transactions for a new lower monthly fee, the company said. RushCard said that cardholders across all RushCard plans will be able to take advantage of eliminated fees for bill pay enrollment and transactions, plan changes and replacement cards.
FIS to launch m-wallet
The FIS mobile wallet service will offer payment services at the point of sale and online FIS said an added feature is the ability to build the mobile payments solution into a retailers or financial intuitions existing mobile application